Fintech-focused Better Tomorrow Ventures raises $75m for inaugural fund

Emerging manager Better Tomorrow Ventures, founded by Sheel Mohnot and Jacob Gibson, has raised $75m to invest in fintech, beating its target.

Fintech investor Better Tomorrow Ventures has raised $75 million for its debut fund, the firm told Venture Capital Journal. Launched by Sheel Mohnot, formerly of 500 Startups, and NerdWallet co-founder Jacob Gibson, the firm was targeting to raise $60 million to make pre-seed and seed investments in fintech companies worldwide. A source familiar with the firm said BTV has raised much of the fund during the pandemic from a mix of LPs, including pensions, funds of funds, foundations, family offices and individuals.

Click here to read more about BTV co-founder Sheel Mohnot in Venture Capital Journal